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20120529� 12. BoROwerNot Rel�ased;ForbeawanceBy LenderP{aZ a Waiver. �actensioa of the time for �yment or modification of amortization of the sums secur�d by this Se�urity Lnstnunent granted by Lender to Horrowtr or any Succ�sor in Interc:st of Barrowcr shal! not operatc ro rcicase thc liability of Bosrawer or any Saccessars itt Interest of Bnrrtiwer. Lender shall not be reqnired tn commence proceedings against any Successor in Interest of Borrower or to refi�.se tu extend timc fnr payment nr other�vise modify amortiu�tion af the si�ms secur� by this Secmiry instnunent by rextson of any demand mada by che nsigina! Bocrower or �uny S�c;ca�xaaes in Intea�t of &nrciwer. Any furbearance by Lender in exerci�ing uny ri�ht cx remcxly including, without limitation, Lender's acc�ptance of payments from third persans, eatities ar Successors in Interest of Borrowet ot in suuonnts Iess thmn the amount then due, shall not be a waiver of ot preclude the exercise of aay ri�ht or re.medy. 13. Joint and Severa! tialsility;Casigners;Successorsand AssignsBound.Horrower covenamts and agrees tbat Borrowcr's obligalions and liability sball be,joint and scviceal- Howevcr, any Borro�vcr who co-signs fhis Security Instrument but does not execute ibe Note (a "co-signer"): (a) is co-signing this Securiry Instnunent anly ta mortgage, grant Qnd convey the co-signer's interest in the Property under the terms of this Sc�urity Inslrument; (b} ib aot p�rsonalty c�bliguteel to pay We sirms �ure�cl by thi� Srxurity lnstrument; und (cl agr� that Lemier and any uihcr Borrowe� can agree to extend, m«lify, forbe�r or make suy accommodatiaus with regard to ihe teims of tlus Security Instnimeat or the Note without the co-sigs�er's consent . Subject to the provisions of 5extion 18, any Successor in Interesi of Borrower who assumes Boaower"s obligations under this Security Instrwncnt in writing, and is approvcd by Lcnder, sball obtain alt of Borrower°s rights and 6eaefits under this Security Instrum�t. Borrower shaU aot be rel� from ' Borrower's obligaiians and liabilit}r under this Scxurity Instrument unleas Lender a� to sach relc�se in writing. The covsnants aud agreements of tttis Secwity tashvment sl�all bind (except as provided in Section 2Q} und beneGi the �u:ce�wr� end xssignN of Lender. 'f 4. Loan Chal'ges. Lender may charge Dorrower fees for services performed in conaecfion wiih Boctower's default, for the putpose of protc�ctiflg Lender's intetes# in the Ptaperty and righta �mder this Se,curity instrument, mcluding, but not limited to, altasneys' fees, pmperty inspecrioa at� valuation fees. In regard to any other fess. the absence �f express aut�ority in ttus Securiiy Instrument to ci►arge a speci6c fee to Bonower s�ll not be constrt�ed as a prohibition on Wc charging of such fcc. Lender may not chazge £ees that are expressty pmhibited by this Security Instrument or by Applicable I.aw. If the Loan is subject to a iaw wl�ich sets maximum loun charges, und ths►t law is fintilly inrerpreted so that tha int�st or uther loan chargere callec;ted u� lu be a>liecled in amnectiun wit6 We Lc�n �xeeecl the peim;tted Wnits, then: (a} any such loan charge shall be reduced by the amount nec�sary to reduce the ct�rg� to the permitted limit; aad (b) aay sams nlre�dy collected 6om Bortower which exceedeflt permitted limits will be cefunded to Botrowec. Lender may chvosc to ma�e this refund by m�ueiag the prineipal owed tmder the Note or by makn�g a direct payment to Borrower. If a refimd rednces principal, the reduction will bc tt�ted us a partial prcpaytnent wit4iaut any prcpayment charge {mhc-thet or not a prepayment charge is grc►vided for undcr the Note). Boaowcr s acccptancc of any such rcfund made by dire�t payment to Borrower will constitate e waiver of any right af action Bartower might have arising out of such overcharge. 45. NotieeS. All notices giv�n by Borrower or Lender in conn�tion with t6is �urity Inshvment must be in wtiting. Any notiee tu Borrow� in ccmna:tian with lhis .��tx:urily ins�nimeni shall he deemecl to have beea given ta Borrower when mailed by first class mail or when actually delivered to Borrowet's notice address if sent by other me�ans. Notice to arry one Boaower shall constitute notice to all ��rowers unless Applieable Law �xP�ess1Y recNues otherwise. The notice addrrss shall be the Property Adcitess uale� Donrower has ��Ka-su�ple r-a,�wy�Feiade MeelFreddis M19ec ulV�ao7�ln iNS7aunrtElus VM (I��tE) (� !�� yyoRa� K�uwe� Ff�r�� ge�v�as Page 17 cf 17